Leveraged ETFs
542 ETFs · AUM: $184.53B
Leveraged ETFs use financial derivatives and debt to amplify the daily returns of an underlying index, typically by 2x or 3x. These funds are powerful tools for short-term traders who want magnified exposure to market movements without using margin accounts, but they come with significant risks that make them unsuitable for most long-term investors.
Popular leveraged ETFs include TQQQ (ProShares UltraPro QQQ), which provides 3x daily exposure to the NASDAQ-100, UPRO (ProShares UltraPro S&P 500), which delivers 3x daily returns of the S&P 500, and SOXL (Direxion Daily Semiconductor Bull 3X Shares), which offers 3x leveraged exposure to the semiconductor sector.
Leveraged ETFs are designed for single-day holding periods. Due to daily compounding, these funds can deviate significantly from their expected multiple over longer timeframes, especially in volatile or sideways markets. In a choppy market, a 3x leveraged ETF can lose money even when the underlying index is flat, a phenomenon known as volatility decay. TQQQ has attracted a large following among aggressive traders due to the NASDAQ-100's strong trending behavior, but it lost over 75% during the 2022 drawdown. These instruments require active monitoring and strict risk management.
542 ETFs found
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| Symbol▼ | Fund Name▼ | AUM▼ | Price▼ |
|---|---|---|---|
| PLTU | Direxion Daily PLTR Bull 2X Shares | $410.8M | $64.23 |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X ETF | $393.6M | $132.84 |
| NVDX | T-REX 2X Long NVIDIA Daily Target ETF | $391.2M | $19.15 |
| MSTX | Daily Target 2X Long MSTR ETF | $359.6M | $17.40 |
| INTW | GraniteShares 2x Long INTC Daily ETF | $356.6M | $18.27 |
| SDS | ProShares - UltraShort S&P500 | $355.9M | $53.31 |
| SPXS | Direxion Daily S&P 500 Bear 3X ETF | $342.4M | $23.91 |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | $340.4M | $23.98 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | $327.6M | $113.53 |
| TBT | ProShares - UltraShort 20+ Year Treasury | $327.5M | $39.91 |
| AMZU | Direxion Daily AMZN Bull 2X ETF | $326.5M | $37.16 |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | $309.2M | $29.84 |
| BOIL | ProShares Ultra Bloomberg Natural Gas | $301.5M | $18.42 |
| MRRL | UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B | $293.8M | — |
| SPUU | Direxion Daily S&P 500 Bull 2X ETF | $290.9M | $227.09 |
| DFEN | Direxion Daily Aerospace & Defense Bull 3X Shares | $290.9M | $45.02 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | $284.8M | $8.40 |
| DWT | VelocityShares 3x Inverse Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New | $277.1M | — |
| URTY | ProShares - UltraPro Russell2000 | $267.4M | $65.28 |
| AVL | Direxion Daily AVGO Bull 2X Shares | $265.8M | $32.38 |
| ERX | Direxion Daily Energy Bull 2X ETF | $264.7M | $122.63 |
| ETHT | ProShares - Ultra Ether ETF | $258.6M | $16.50 |
| UVXY | ProShares - Ultra VIX Short-Term Futures ETF | $253.4M | $16.95 |
| QID | ProShares - UltraShort QQQ | $246.1M | $13.71 |
| REML | Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN | $243.7M | $5.99 |
| TZA | Direxion Daily Small Cap Bear 3X ETF | $239.5M | $48.20 |
| MORL | UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN | $236.8M | — |
| MQQQ | Tradr 2X Long Innovation 100 Monthly ETF | $236.7M | $231.28 |
| NOWL | GraniteShares 2x Long NOW Daily ETF | $230.2M | $9.01 |
| NBIL | GraniteShares 2x Long NBIS Daily ETF | $226.8M | $13.23 |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | $224.0M | $49.50 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | $221.5M | $45.48 |
| UWM | ProShares - Ultra Russell2000 | $215.8M | $55.84 |
| ORCX | Daily Target 2X Long ORCL ETF | $209.0M | $15.75 |
| SOLT | 2x Solana ETF | $192.5M | $62.16 |
| CURE | Direxion Daily Healthcare Bull 3X ETF | $186.1M | $153.03 |
| AVGX | Daily Target 2X Long AVGO ETF | $183.6M | $34.11 |
| GDXD | MicroSectors Gold Miners -3X Inverse Leveraged ETNs | $180.9M | $22.82 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | $178.0M | $17.00 |
| FBL | GraniteShares 2x Long META Daily ETF | $171.3M | $29.56 |
| LITX | Tradr 2X Long LITE Daily ETF | $170.0M | $25.17 |
| UVIX | 2x Long VIX Futures ETF | $166.9M | $35.63 |
| AAPU | Direxion Daily AAPL Bull 2X Shares | $160.1M | $46.92 |
| IRE | Defiance Daily Target 2X Long IREN ETF | $158.5M | $4.01 |
| DLLL | GraniteShares 2x Long DELL Daily ETF | $157.3M | $25.95 |
| HFGM | Unlimited HFGM Global Macro ETF | $154.4M | $31.11 |
| TSLT | T-REX 2X Long Tesla Daily Target ETF | $148.9M | $14.73 |
| XXRP | Teucrium 2x Long Daily XRP ETF | $146.4M | $29.56 |
| MVV | ProShares - Ultra MidCap400 | $146.3M | $82.30 |
| BRZU | Direxion Daily MSCI Brazil Bull 2X ETF | $142.9M | $128.77 |